Snippets from ConvergeDigest:
Cidera (formerly SkyCache)
... which specializes in satellite delivery of broadband content to the edge of the Internet, raised $75 million in Series D preferred stock funding. The company has raised $137 million to date. Cidera is positioning itself as the "Internet Broadcast Backbone." It is currently delivering content to 500 different data networks in North America, Europe, Asia and Latin America. cidera.com Cidera, December 5, 2000
Earlier this year, Cidera (formerly SkyCache) named Richard J. Hanna as its CEO. Hanna formerly was President of Teligent International and had earlier led the company's domestic sales, marketing and operations organizations
============
GIANTLOOP NETWORK OFFERS OPTICAL STORAGE SERVICES
Giant Loop Network, a start-up service provider, will introduce Optical Storage Networking services for enterprises connected to its metropolitan networks. The company will combine professional design services, covering ESCON/FICON and Fibre Channel storage networks and IP and Ethernet-based Network Attached Storage, with its point-to-point and point-to-multipoint managed optical connectivity. giantloop.com Giant Loop, December 5, 2000
Giant Loop was co-founded by Mark Ward, formerly VP of Global Marketing and Professional Services at EMC Corporation; Chris Riley, previously President of Comdisco's Network Services Division; and Randy Seidl, formerly Chairman and CEO of Workgroup Solutions LLC, an open systems integration and services company.
The company has received $40 million in funding from Greylock, Roger Marino (one of the founders of EMC Corporation) and Optical Ventures LLC, among others. GiantLoop is headquartered in Waltham, Mass.
===============
CLICK! NETWORK DEPLOYS LUXN'S OPTICAL TRANSPORT
Click! Network, a provider of cable TV, Internet and broadband services in Tacoma, Washington, selected LuxN's optical products for a metropolitan short-haul optical access transport system with WDM capacity. The optical transport equipment will be deployed alongside Click! Network's existing SONET infrastructure. Financial terms were not disclosed. luxn.com LuxN, December 5, 2000
The LuxN WavSystem platform supports metropolitan Gigabit Ethernet or Fibre Channel over point-to-point, cascaded multi-drop, access ring and redundant star network configurations. The system extends to 70 km without amplification and supports 16-channel WDM, fixed optical add/drop multiplexing, optical path protection switching, enhanced remote provisioning and graphical interfaces for element management.
In June, LuxN closed $50 million in third round venture financing. Investors include Azure Capital Partners, Credit Suisse First Boston Merchant Bank, JDS Uniphase, CommVest, Storm Ventures, New Enterprise Associates, US Venture Partners, Menlo Ventures, Mitsui, Mitsubishi and Siemens. The company is based in Sunnyvale, California.
Separately, LuxN named Tokyo Electron Limited (TEL) as its distributor in Japan.
===============
LUCENT'S MICROELECTRONICS SPINOFF TO BE CALLED AGERE SYSTEMS
Lucent Technologies' Microelectronics Group will be called Agere Systems when it spins off next year. Lucent plans an initial public offering for up to 20% of the new company before the end of Q1 and intends to spin off the remaining shares in a tax-free distribution by summer 2001. Agere Systems will consist of two major divisions: integrated circuits and optoelectronic components. The new company will also provide wireless computer networking system solutions through its ORiNOCO product line. lucent.com Lucent, December 5, 2000
In January, Lucent Technologies Microelectronics Group ageed to acquire Agere, a start-up offering a programmable network processor for multi-protocol routers, switches and network management equipment, for 8 million LU shares (valued at about $415 million on 20-Jan-00). Agere developed an OC-48c programmable Routing Switch Processor that incorporated advanced packet/cell manipulation and queuing functions, including programmable ATM QoS parameters.
=================
TRILLIUM INTRODUCES SESSION INITIATION PROTOCOL (SIP) SOURCE CODE
Trillium Digital Systems announced Session Initiation Protocol (SIP) software stacks for use in next generation IP telephony network elements. Trillium's IP telephony portfolio also includes software source code for H.323, Media Gateway Control Protocol (MGCP), Media Gateway Control (MEGACO/H.248) and SS7-over-IP (SIGTRAN). trillium.com
Trillium, December 5, 2000
In August, Intel acquired Trillium Digital Systems for about $300 million in cash and stock.
SIP is a proposed IETF protocol that enables Custom Local Area Signaling Service (CLASS) features, such as call blocking, caller ID and call forwarding.
The IETF Session Initiation Protocol (sip) Working Group:
ietf.org
===================
INTEL INCREASES WIRELESS VENTURE FUND TO $500 MILLION
Intel expanded the scope its Intel Communications Fund to include wireless communications and increased the funding from $200 million to $500 million. The fund was established in September 1999 to invest in companies developing technologies that are complementary to the Intel Internet Exchange Architecture and its CT Media software. intel.com Intel, December 5, 2000
Intel Portfolio Investments in Communications
intel.com |
